Universal Technical Institute (NYSE:UTI) Insider Sells $181,800.00 in Stock

Universal Technical Institute Inc (NYSE:UTI) insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the completion of the transaction, the insider directly owned 27,025 shares in the company, valued at approximately $1,081,000. This trade represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Universal Technical Institute Stock Up 3.8%

Shares of NYSE:UTI opened at $41.52 on Friday. The firm has a 50 day simple moving average of $38.92 and a 200 day simple moving average of $33.72. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $45.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $2.29 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 3.51 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. As a group, research analysts expect that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on UTI. Barrington Research increased their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Hedge Funds Weigh In On Universal Technical Institute

Several large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA acquired a new stake in Universal Technical Institute in the first quarter worth about $234,000. Bank of America Corp DE lifted its position in Universal Technical Institute by 65.3% during the 1st quarter. Bank of America Corp DE now owns 254,586 shares of the company’s stock valued at $9,191,000 after purchasing an additional 100,570 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Universal Technical Institute by 28.3% in the 1st quarter. Janus Henderson Group PLC now owns 25,399 shares of the company’s stock valued at $917,000 after purchasing an additional 5,599 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Universal Technical Institute by 31.3% during the 1st quarter. California State Teachers Retirement System now owns 67,239 shares of the company’s stock worth $2,427,000 after buying an additional 16,040 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Universal Technical Institute by 6.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 24,449 shares of the company’s stock worth $883,000 after buying an additional 1,583 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.